Fondul Roman de Investitii (Romanian Investment Fund - FRI), aproject devised by the Economy Ministry run by Adriean Videanu, oneof the most powerful people of the moment, will be set up only withthe money the state will collect from selling minority stakes inseveral companies in the energy field such as Petrom,Transelectrica and Transgaz, without taking any money from CEC orNBR.
Videanu did not reveal a specific amount he expected to becollected from the sale of such stakes but says he wants to raiseas much as possible and that in nine months' time, that is in 2011,the stakes could be sold.
The money therefrom collected will be invested in infrastructureand energy projects.
"The Government approved the sale of minority stakes of theminority interests we had or of minority stakes of the majorityinterests we hold in several companies. The idea to build aninvestment fund through CEC's contribution in cash initiallyfinanced by NBR's foreign currency reserve did not originate fromus and it is just nonsense spread in certain circles. The EconomyMinistry is devising an investment fund with minority stakes,"Videanu said.
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